New York, Feb 26, 2026, 05:50 EST — Premarket
- NTNX surged roughly 22% ahead of the bell, after AMD said it would pick up $150 million in shares and support a joint enterprise AI platform initiative.
- Nutanix reported second-quarter revenue at $722.8 million, with annual recurring revenue coming in at $2.36 billion. For fiscal 2026, the company is targeting revenue in the range of $2.80 billion to $2.84 billion.
- The company flagged supply-chain snags are pushing out server lead times, which could bump some revenue and cash flows to a later period.
Shares of Nutanix surged 22% before the bell Thursday, with the cloud software company unveiling an AI tie-up with Advanced Micro Devices alongside its latest quarterly numbers. By 5:39 a.m. EST, the stock had risen $8.57 to $47.01, climbing from Wednesday’s $38.44 close. StockAnalysis
Investors are pushing the AI trade deeper, stretching past chipmakers into the software and infrastructure companies that power large-scale model deployments. Nvidia’s results helped spark a tech surge on Wednesday, driving that trend further into focus. Reuters
AMD and Nutanix plan to co-develop a full-stack, open AI infrastructure platform focused on “agentic AI”—systems designed for planning and executing tasks—rolled out across data centers, hybrid environments, and edge locations. AMD is putting $150 million into Nutanix stock at $36.26 per share, plus up to $100 million more for engineering and go-to-market projects. The first iteration is slated for release starting late 2026. “Enterprise customers need the freedom to run the models and workloads,” said Dan McNamara at AMD. SEC
AMD has signed on to purchase 4,136,789 Nutanix Class A shares through a private placement, according to a regulatory filing. No public offering is involved. The deal is still subject to typical closing hurdles, including the Hart-Scott-Rodino antitrust waiting period, and the agreement doesn’t give AMD any governance or extra information rights compared to other shareholders, the filing noted. SEC
Nutanix posted second-quarter revenue of $722.8 million, a 10% jump from last year. Annual recurring revenue climbed 16% to $2.36 billion—ARR reflects the yearly value of current subscription contracts. Free cash flow landed at $191.4 million. CEO Rajiv Ramaswami highlighted robust bookings and a slate of new customers. CFO Rukmini Sivaraman flagged that extended server lead times could shift the timing of some revenue and cash flow in the near term. SEC
Nutanix is guiding for third-quarter revenue between $680 million and $690 million, with a non-GAAP operating margin pegged at 16% to 17%, the company said in its earnings release. For the year, it sees revenue coming in at $2.80 billion to $2.84 billion, and expects free cash flow in a range of $745 million to $775 million. The company also wrapped up a $300 million accelerated share buyback, and noted plans for an Investor Day set for April 7 in Chicago. markets.businessinsider.com
After the partnership announcement and earnings news, shares surged 16% in after-hours trading Wednesday, according to Investing.com. Investing.com
Nutanix, which provides software for managing and running applications across both on-prem data centers and public clouds, faces off against VMware’s stack and the big cloud players, all of whom set the standard for what buyers expect. The partnership with AMD takes an “open” approach, making use of AMD’s ROCm software along with Nutanix’s cloud and Kubernetes offerings. It’s focused on inference—the daily business of running AI models after training wraps up.
Raymond James analyst Simon Leopold described the deal as a “halo effect” for the stock, though he told MarketWatch the long-term impact on Nutanix is still uncertain. MarketWatch
Still, plenty could go sideways here. Nutanix says server deliveries are already slowed by supply constraints. The AI platform, built in partnership, won’t be ready before late 2026. And AMD’s share buy is pending regulatory sign-off.
Traders are eyeing whether the premarket gains stick after the bell, and if management can make the case that the supply-chain hiccup is just a timing delay, not lost demand. They’ll also be looking for specifics on when the AMD investment finalizes, plus clarity about the first products the two companies plan to ship.
Nutanix is circling April 7 for its Investor Day, scheduled during the .NEXT user conference in Chicago. The focus for investors: specifics on the AI roadmap, and any evidence that the AMD partnership starts driving product demand this year.
